Mises Wire
Author:
Joseph T. Salerno
Online Publish Date:
Part II . The complete essay can be found here . Part III Mises characterizes the market as “the foremost social body” (1966, p. 315). As such the market economy is the acting man’s affairs and the magnitude of those changes; it makes success and failure, profit and loss ascertainable” (1966, p. 230). Without the possibility of